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Rosneft CEO says Moscow’s share in Indian imports up 2.5-fold to 4%

India has become the world’s fifth-largest country in terms of GDP this year, demonstrating the highest growth rates among top economies, Igor Sechin noted, adding that Rosneft is "the largest Russian strategic investor in the Indian economy"

BAKU, October 27. /TASS/. Russia’s share in India’s imports soared 2.5-fold in April and May 2022 to 4% through an increase in energy supplies, Chief Executive Officer of Rosneft Igor Sechin said at the 15th Verona Eurasian Economic Forum in Baku, adding that the company appreciates the cooperation with Indian oil and gas companies.

"A rise in energy supplies, first of all oil and gas, has largely boosted Russia’s share in the structure of Indian imports. During 2021 and 2022 financial years Russia’s share was 1.6%, whereas in April and May 2022 it reached 4%," he said.

India has become the world’s fifth-largest country in terms of GDP this year, demonstrating the highest growth rates among top economies, Sechin noted, adding that Rosneft is "the largest Russian strategic investor in the Indian economy."

Russia supplied more than 80 mln tons of oil to China and India in 2021, he stressed. "Having taken a strategic decision on ‘the pivot to the East’, Russia has been consistently boosting energy supplies to the Asian-Pacific region. As infrastructure developed Russia’s oil exports to China and India surpassed 80 mln tons in 2021," Sechin said.